How Moral Codes Evolve in a Trust Game

This paper analyzes the dynamic stability of moral codes in a two population trust game. Guided by a moral code, members of one population, the Trustors, are willing to punish members of the other population, the Trustees, who defect. Under replicator dynamics, adherence to the moral code has unstab...

Full description

Bibliographic Details
Main Authors: Jean Paul Rabanal, Daniel Friedman
Format: Article
Language:English
Published: MDPI AG 2015-06-01
Series:Games
Subjects:
Online Access:http://www.mdpi.com/2073-4336/6/2/150